Nicor: Administrative judges propose rev increase of $54.7M

SAN FRANCISCO (MarketWatch) -- Nicor Inc.
gas
said Friday that the administrative law judges in a Nicor Gas rate case before the Illinois Commerce Commission have issued a proposed order recommending a revenue requirement increase of $54.7 million. Nicor Gas said because the proposed order, in part, shifts certain revenue and credits between base rates, it estimates the proposed increase to be $36 million, compared with its request of $77.6 million. Nicor Inc. estimates each $10 million of a Nicor Gas revenue increase would add 14 cents a share to its annualized earnings. The commissioners final decision on the matter is expected to be issued no later than October 2, said Nicor Inc.

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